Chapter 365 General Creditor's Rights Issues
Zhou Shicai will not tell him that it is not important to him whether to acquire MGM or not, what is important is to make the value of Marvel visible. Let Disney pay a big price even if it buys Marvel. And it can also make Isaac Palmat have more hesitation, whether to sell or run it himself, it is worth hesitating for him. The two communicated a lot, Zhou Shi fully expressed his optimism about superhero movies, the value of Marvel has not been fully displayed, there will be a broader space, and there is almost no more attractive super IP than Marvel in the future.
Zhou Shi returned to Yelp, and the people from the White Tiger Fund were already waiting aside.
"Mr. Zhou, here's some information from GM's creditors. "James
Zhou Shi picked it up and looked at it carefully, they were all tragic characters, who borrowed too much money from GM, and now that they are fine, they are likely to lose all their money. It is good to do finance, and the development of enterprises is inseparable from the support of finance, and the best thing these companies in the United States is to use other people's funds to develop their own enterprises, and Zhou Shi has not done enough in this regard. How can you also control a listed company to facilitate capital operation. Just like Spreadtrum, if it is still listed on the US imperial, how can Zhou Shi make his market value exceed one billion and then borrow more than 500 million US dollars, now it is okay, most of the funds are paid by himself. From this point of view, Zhou Shi is not a qualified financial capitalist.
"What is the price of our acquisition, and it should be said at what price we can acquire these unsecured claims. Zhou Shi looked at it, GM's unsecured claims are about 30 billion US dollars, if the price is too high, these people still have unrealistic illusions, then he can only miss this opportunity. Zhou Shi only remembered that GM's final bankruptcy reorganization plan had four shareholders, the U.S. government, the Canadian government, GM's employee fund and creditors, of which the creditors finally obtained about 10% of the equity. According to the scale of $40 billion after the listing of the new GM, if the new GM sold 20% of the shares at the time of listing, the final value of the creditor is about 3.2 billion US dollars, and if the new GM sold 10 percent, the value of the creditor's shares is 3.6 billion US dollars. In other words, the value of more than 30 billion claims has been directly discounted. Zhou Shi uses this value, if he wants to earn 1 times the income, then the price of this acquisition of these bonds can only be 0.5%. Facing the risk of losing all your money, if you can't double the profit, it's better not to. The reason why Zhou Shi wants to participate in it is mainly because there are complex negotiations, and he can get in touch with big people in all aspects, from which he can have a deeper understanding of some laws of American capital. Therefore, Lu He and he both have great expectations for this event, and they may agree to even if it is a discounted price. However, the valuation of the new GM has not yet been decided, and everyone may have different opinions. For example, people don't think that the new GM will have a market value of $30 billion, which is also possible.
"This batch of bonds is not worth much, it is definitely less than 1% off. "James
"It's too high, you can consider acquiring it if it's less than 0.5% off, and don't buy it if it's 0.5% off. Do they still want to return to their original costs? They are tasteless for other institutions, and it is a pity to abandon them, only new institutions like ours need these to enrich our qualifications, if the cost is too high, then forget it, there will be opportunities in the future. "Zhou Shi
"I see, then we probably won't have a lot of options, and we may not have a lot of leverage to buy. "James
"The emphasis is on participation, we want the process, not the result, if you are sure of this action, you can also acquire a little more. Zhou Shi knows that the significance of GM in the United States may be similar to the symbolic meaning of domestic central enterprises in China, and being able to participate in it is a symbol of ability in itself, and large financial giants do not look down on it, and small companies do not have this resource. Only Galaxy Capital, which borrows chickens and eggs, has this leisure, anyway, this acquisition does not use its own funds, and some people will provide them with ammunition.
After communicating some details with James, Zhou Shi let him go. Yelp's group buying is on the right track, and everyone has gradually accumulated a lot of experience, and there are dozens of employees who shuttle to various places in Silicon Valley every day, but Zhou Shi is a little dissatisfied with Yelp's founder Stallelman, and he does things a little contrary to the law. Shirley is the CEO, and it seems that she still needs to find a suitable COO and CFO. There are still not too many people involved in the business of shared accommodation space, and there is no way to provide one's home to strangers to use, which is a big challenge for most people, and if a certain social atmosphere is not formed, this is not destined to be a promising project. Fortunately, the financial crisis has put many families in a difficult situation, and there are still people who are willing to try such an opportunity to subsidize their families. Yelp hired a few employees with photography skills to take pictures, and then did some simple beautification, and uploaded them to Yelp's shared space area. The next step is to open up the account system of Friends.com, which can be used to log in to Yelp directly, and users with real-name authentication can get more preferential treatment whether it is a review or accommodation. Things such as corporate and personal credit rating scores are also in their planning, but they don't use the word credit, which is too easy to cross the line.
"Mr. Zhou, there is a situation!" Just as Zhou Shi was in thought, one of his assistants came over and woke him up.
"What's the matter?" Zhou Shi
"I don't know why Facebook was blocked in China, and now there is a lot of discussion on the Internet, especially Twitter and Facebook. There seems to be a tendency to blame the network of friends for this incident. "Assistant
"Is the friend network blocked in China?" Zhou Shi is very strange, no matter how the friend network says, it has gone abroad, they are still not teaching the truth, how can Zhou Shi deal with it?
"Yes, it started in the early morning of Yanjing time the day before yesterday (I don't know the specific time, but it is certain that Facebook was blocked in 09 in China). "Assistant
"It's good to let Lu Qi pay attention to them, this matter will not have a big impact, but they must face up to this problem, don't be ambiguous, and make the relationship between the American Friends Network and the Huaxia Friends Network clear. Zhou Shi knows that this matter can be big or small, after all, now Time Friends is only the major shareholder of Friends in the United States, Galaxy Capital, Zhou Shi, and Google are also shareholders of Friends in the United States, no matter in terms of equity structure and reality, Friends are American companies. As long as Lu Qi copes with it properly, this matter will not be able to make a big wave.
"Okay, I'll go and inform Mr. Lu!" the assistant said and withdrew.
In the next few days, David Ellison came over to annoy Zhou Shi again, although Kevin Feige agreed to David's investment, but there was no project, and the anxious David had to come over and urge Zhou Shi to start a new project quickly, such as Iron Man.
"It can be, but you have to say that Larry will come over and make a cameo!" Zhou Shi deliberately embarrassed him.
"Okay, no problem, he won't miss the opportunity to show off!"
"Huh?" Zhou Shi heard this, secretly wondering if he had done something wrong, he wanted to embarrass Larry, but he was right in the middle of it?
(End of chapter)